UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940 |
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | SEC 1473 (7-02) | ||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. |
1. Title of Derivative Security (Instr. 4) |
2. Date Exercisable and Expiration Date (Month/Day/Year) |
3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) |
4. Conversion or Exercise Price of Derivative Security | 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 5) |
6. Nature of Indirect Beneficial Ownership (Instr. 5) |
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Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||
Series A Preferred Units | Â (4) | Â (4) | Common Units | 18,312,968 (2) (3) (4) | $ (4) | I (1) (2) (3) | See footnotes (1) (2) (3) |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
ERGON INC P.O. BOX 1639 JACKSON, MS 39215-1639 |
 X |  X |  |  |
Ergon Asphalt & Emulsions, Inc. P.O. BOX 1639 JACKSON, MS 39215-1639 |
 X |  X |  |  |
/s/ Kathryn W. Stone, Executive Vice President, Secretary and Treasurer of Ergon, Inc. | 10/17/2016 | |
**Signature of Reporting Person | Date | |
/s/ Drew Brooks, Vice President of Ergon Asphalt & Emulsions, Inc. | 10/17/2016 | |
**Signature of Reporting Person | Date |
* | If the form is filed by more than one reporting person, see Instruction 5(b)(v). |
** | Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
(1) | This Form 3 is being filed jointly by Ergon, Inc. ("Ergon") and Ergon Asphalt & Emulsions, Inc. ("EA&E") in connection with the consummation of the transactions described in the Issuer's Current Report on Form 8-K filed on October 5, 2016 (the "Transactions"). |
(2) | In connection with the closing of the Transactions, EA&E became the direct owner of 847,457 Common Units and 18,312,968 Series A Preferred Units of the Issuer. |
(3) | Ergon directly owns 100% of the outstanding ownership interests of EA&E, and may therefore be deemed to beneficially own the securities of the Issuer owned directly by EA&E. |
(4) | The Series A Preferred Units have no expiration date and are convertible at any time, in whole or in part, on, subject to adjustment, a one-for-one basis into Common Units representing limited partner interests of the Issuer at the holder's election as set forth in the Fourth Amended and Restated Agreement of Limited Partnership of the Issuer, dated September 14, 2011 and filed with the Securities and Exchange Commission as Exhibit 3.1 to the Issuer's Current Report on Form 8-K filed on September 14, 2011. |
 Remarks: Blueknight Energy Partners G.P., L.L.C., a Delaware limited liability company and the general partner of the Issuer (the "General Partner"), has sole responsibility for conducting the business of and managing the operations of the Issuer.  Blueknight GP Holding, LLC, a Delaware limited liability company and the sole member of the General Partner ("Holdings"), has the right to appoint all of the directors of the General Partner. EA&E (and therefore, Ergon) is the indirect parent of Holdings, and may therefore be deemed a director by deputization. |